Moving to another question will save this response. Question 16 Question 16 of 22 5 points In May 2021, Mamie gave 1,000 shares of stock to Louisa as a gift. The fair market value of the stock on the date of gift was $12 per share. Mamie had originally purchased the stock five years ago for $16 per share What amount of gain or loss will Louisa recognize on the sale of her shares on December 31, 2021 if she sells them for $19 per share? No gain or loss $3,000 gain $7,000 $16,000 $19,000 Moving to another question will save this response. OCT 6 tv NA O Question 16 of Moving to another question will save this response. Question 21 Question 21 of 22 5 points Save Answer A company sells equipment for $150,000 for three equal installments of $50,000. The company's original basis was $135,000 and accumulated depreciation was $30,000 as of the date of sale. What is the amount and character of the gain the company will recognize in year 17 a. $15,000 of $1231 gain Ob. $45,000 of $1231 gain c. $5,000 of ordinary income and $30,000 of $1231 gain Od. $30,000 of ordinary income and $5,000 of $1231 gain & Moving to another question will save this response. 9 tv MacBook Air A Question 21 of 22